Platts discontinues Euro price equivalents of thermal coal Panamax freight rates into India

S&P Global Platts has discontinued the publication of all four Euro-denominated price equivalents of its Panamax thermal coal freight rates, from July 1, 2021.

The discontinuation of these Euro-denominated price equivalent freight rates into India is part of a Platts review of its historical data sets.

Platts first proposed the discontinuation of these Euro-denominated price equivalents in a subscriber note published Jan. 21, 2021.

Platts will continue to publish these Panamax freight rate assessments in $/mt, reflecting the transactable value at 5:30 pm Singapore time (0930 GMT).

The discontinued assessments are:

These assessments were previously published in the Platts price database under the codes above. Platts had previously discontinued all Euro-denominated price equivalents of its Asia thermal coal assessments on Aug. 21, 2020, following observation of a decoupling of the Northwest Europe and Asian thermal coal markets as a result of a shift in trade flows over the last six years, leading to a decline in the need for a Euro/mt price equivalent of Asian thermal coal assessments (http://plts.co/u6mq30rtr25).

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